Opinion by Ann M. Ravel and Kristin Urquiza for CNN Business Perspectives In May 2020, months before a Covid-19 vaccine was available and just before Arizona’s infection rate soared, Governor Doug Ducey encouraged residents not to stay home. “I want to encourage people to get out and about,” Ducey told listeners of a popular radio
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By Clare Duffy, CNN Business After growing its workforce to more than 1.3 million people in 2020, Amazon is planning to hire another 55,000 employees globally in the coming months, the company announced Wednesday. This is the first major hiring push since new Chief Executive Andy Jassy took the reins from Jeff Bezos in July.
Continue Reading By Clare Duffy, CNN Business After growing its workforce to more than 1.3 million people in 2020, Amazon is planning to hire another 55,000 employees globally in the coming months, the company announced Wednesday. This is the first major hiring push since new Chief Executive Andy Jassy took the reins from Jeff Bezos in July.
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By Jordan Valinsky, CNN Business Apple has enlisted eight states in a program that allows people to “seamlessly and securely” add their driver’s license or state IDs to their Apple Wallet to use at airport security checkpoints. Arizona and Georgia are the first states to enroll in the program, with Connecticut, Iowa, Kentucky, Maryland, Oklahoma
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By Matt McFarland, CNN Business The $1 trillion infrastructure bill appears set to give passenger and freight rail $66 billion, an infusion that will likely expand where service is offered but does little to increase the speed of train travel in the US. Amtrak has proposed spending its share of the infrastructure funding on more
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By Paul R. La Monica, CNN Business If you’re an investor who knows your market history, you might be tempted to tune out for a bit and start singing Green Day’s “Wake Me Up When September Ends.” The ninth month is traditionally the worst of the year for stocks. The market was up slightly Wednesday
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By Clare Duffy, CNN Business When Twitter suspended Marjorie Taylor Greene for a week last month for posting misinformation about Covid-19 vaccines, it may have sparked some déjà vu. The Republican congresswoman from Georgia had been kicked off the platform for 12 hours for the same violation just three weeks earlier. And six months before
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By Matt Egan, CNN Business Widespread and growing gas station outages are being reported in New Orleans and Baton Rouge, adding to the misery facing Louisiana residents following Hurricane Ida. As of 7 am CT on Wednesday, more than half of the gas stations in Baton Rouge (52.7%) and New Orleans (52.3%) were without fuel,
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By Brian Stelter, CNN Business Julie Pace, the political reporter turned Washington bureau chief at The Associated Press, is the news agency’s new executive editor. Pace, 39, is succeeding Sally Buzbee, who departed the AP last spring for The Washington Post. She is starting in the new role immediately. “We have great opportunities ahead to
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By Amy Woodyatt, CNN Business UK media regulator Ofcom has cleared TV host Piers Morgan of breaching British broadcasting rules with his criticism of Meghan, Duchess of Sussex, rejecting more than 50,000 complaints from viewers. In a March 8 edition of ITV’s “Good Morning Britain” show, Morgan questioned whether Meghan was being truthful about having
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By Chris Isidore and Nathaniel Meyersohn, CNN Business Walmart is looking to hire 20,000 workers for its distribution and fulfillment centers, trying to fill some of the most high-demand jobs in retail as the pandemic continues to disrupt the global supply chain. Walmart said the positions it is filling are permanent jobs — not just
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By Julia Horowitz, CNN Business There are a number of reasons for global investors to be keeping close watch on China, from signs its economy is slowing to Beijing’s disruptive crackdown on private business. But the list doesn’t end there. What’s happening: Evergrande, one of China’s largest property developers, is in dire straits. It warned
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By Michelle Toh and Jake Kwon, CNN Business Google and Apple will have to allow app developers to use alternative payment systems under legislation just passed by South Korea that could set the stage for similar action in other countries. The amended Telecommunications Business Act was approved by the country’s National Assembly on Tuesday, with
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By Laura He, CNN Business Heavyweight global investment firms are sticking with China despite a sweeping crackdown on business by the ruling Communist Party that has wiped $3 trillion off the market value of the country’s biggest companies. Even as authorities rip up the status quo for tech, education and other private enterprise, drawing comparisons
Continue Reading By Julia Horowitz, CNN Business There are a number of reasons for global investors to be keeping close watch on China, from signs its economy is slowing to Beijing’s disruptive crackdown on private business. But the list doesn’t end there. What’s happening: Evergrande, one of China’s largest property developers, is in dire straits. It warned
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By Sara Ashley O’Brien, CNN Business Jury selection began Tuesday in a San Jose federal courtroom for the long-awaited trial of Elizabeth Holmes, the former CEO and founder of Theranos. The day kicked off what is likely to be a months-long affair under intense media scrutiny. Central to questioning of potential jurors was the concern
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By Matt Egan, CNN Business A large chunk of gas stations in Louisiana cities don’t have fuel in the aftermath of Hurricane Ida, according to outage figures compiled by GasBuddy. As of 3:30 pm Central Time, 35.2% of the gas stations in Baton Rouge didn’t have fuel, according to GasBuddy, an app that tracks fuel
Continue Reading By Matt Egan, CNN Business The Biden administration is releasing 1.5 million barrels of crude oil from America’s emergency stockpile of oil as Louisiana’s gas crisis worsens. The decision to tap the Strategic Petroleum Reserve, or SPR, comes as two-thirds of the gas stations in New Orleans and Baton Rouge are out of gasoline in
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By Rishi Iyengar, CNN Business Google has yet again postponed a full return to the office, announcing that its employees can continue to work remotely until next year. The decision follows similar ones already made by the company’s tech industry peers like Facebook and Amazon. Google workers around the world will not be required to
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By Chauncey Alcorn, CNN Business Pearl Milling Company unveiled a new ad campaign this week to remind pancake and syrup lovers that although the brand changed its name from Aunt Jemima earlier this year, it still tastes the same. The only mention of the old brand in the new brand’s commercials is a brief fine-print
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